RHB, AMMB End Merger Talks

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KUALA LUMPUR, Aug 22 – RHB Bank Bhd and AMMB Holdings Bhd have mutually agreed to end discussions on the proposed merger of the two banking groups as both parties failed to reach an agreement on mutually acceptable terms and conditions for the proposed merge, the banks said in a joint

Bursa Malaysia to trend sideways next week

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KUALA LUMPUR, Aug 19 – Bursa Malaysia is expected to trade sideways next week, with the benchmark index moving between 1,760 and 1,780 points due to mixed market sentiment from both local and external factors. Affin Hwang Investment Bank Vice-President and Head of Retail Research Datuk Dr Nazri Khan Adam Khan said

Lazada Malaysia To Expand Automotive Products Range

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KUALA LUMPUR, Aug 3 – Lazada Malaysia aims to expand the range of products under its automotive segment within two years, said Chief Executive Officer, Hans-Peter Ressel. He said there are about one million automotive products currently available on its platform, including oil and fluids as well as accessories, adding, demand for

Mangroves Vital For Environmental Decontamination

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SELANGOR, Aug 5 – Grey mangrove trees, Avicennia marina, filter heavy metals out of the surrounding soil and water. A new study from Indonesia has found that their leaf litter accumulates the most copper, followed by leaves and then roots. Researchers from Universitas Diponegoro analysed copper concentrations in a mangrove forest

Tenaga Nasional Bhd Issues RM2 Billion Sukuk Wakalah

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Tenaga Nasional Bhd (TNB) has issued a RM2 billion Sukuk Wakalah pursuant to its Islamic Medium Term Note Programme of RM5 billion in nominal value based on the Shariah principle of Wakalah. On behalf of TNB, Maybank Investment Bank Bhd said that the Sukuk Wakalah had been issued today. “Upon issuance

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